SK Hynix Soars 15 on Mekron
Shares of SK Hynix jumped by over 15% to reach a record high, recording significant gains supported by positive financial results announced by its competitor Micron, reflecting market optimism about the strong demand for memory chips driven by developments in artificial intelligence. The company also announced plans to raise up to $29 billion by listing deposit receipts on the NASDAQ. Meanwhile, the three companies—SK Hynix, Micron, and Samsung—continue to benefit from the increasing demand for AI, which has led to reduced memory supplies and higher prices. SK Hynix's shares have surged over 300% this year, making it one of the best-performing stocks in the world.
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